Predatory Payday Loans

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Predatory payday loans and why you should avoid them

Rounding it up

  • Payday loans are a ridiculously expensive way to borrow money; they suck people into a cycle of debt, where they continuously borrow more money to pay off the previous debt.

  • Payday lenders have a predatory reputation for a reason and you should do everything you can to avoid them, like cashing in on your vacation days or opening a line of credit.

  • If you’ve exhausted alternative options, seek advice from reputable professionals like an accredited credit counsellor.

  • There’s never a bad time to start building up your slush fund; start saving early so you can prepare for emergencies and avoid payday lenders.

10 min read

Ayaz Virani
#debt#payday#loans#lenders

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